A third of Britons raid savings

first_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content whatsapp Nearly a third of UK adults have dipped into their savings in the last year to cover shortfalls in their income, according to a survey by investment firm Schroders. Savers have taken out an average of £4,600 each, totalling £60bn, as the record low in interest rates means fewer returns on prudence. People nearing retirement are the most likely to raid their savings accounts, said the survey. “The amount of capital being drawn down suggests that it is not just rainy-day funds that are being drained, but a significant proportion of individuals’ long-term savings,” said Robin Stoakley of Schroders. Around 34 of per cent of women will spend their savings, compared to 28 per cent of men. Sharecenter_img whatsapp A third of Britons raid savings Sunday 22 August 2010 10:06 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmHero WarsBig Boss of internet games!Hero Warsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tags: NULLlast_img read more

Kenya Airways Limited (KA.ug) 2012 Abridged Report

first_imgKenya Airways Limited (KA.ug) listed on the Uganda Securities Exchange under the Transport sector has released it’s 2012 abridged results.For more information about Kenya Airways Limited (KA.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Airways Limited (KA.ug) company page on AfricanFinancials.Document: Kenya Airways Limited (KA.ug)  2012 abridged results.Company ProfileKenya Airways Limited is the flag carrier airline of Kenya. It was wholly-owned by the government of Kenya until 1995 when the airline was privatised. Kenya Airways is now a public-private partnership with the largest shareholder being the government of Kenya (48.9%) and the balance owned by KQ Lenders Company 2017 Ltd (38.1%), KLM (7.8%) and private owners (5.2%). Kenya Airways offers domestic and international flights, ground handling services and handles import and export of cargo. Subsidiary companies of Kenya Airways include JamboJet Limited which provides local passenger air transport services, and African Cargo Handling Limited which provides cargo handling services. Kenya Airways Limited is listed on the Uganda Securities Exchangelast_img read more

Ha Long Villa / VTN Architects

first_imgArchDaily Projects Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/938222/ha-long-villa-vtn-architects Clipboard Save this picture!© Hiroyuki Oki+ 25Curated by Hana Abdel Share “COPY” Architects: VTN Architects Area Area of this architecture project 2020 Ha Long Villa / VTN ArchitectsSave this projectSaveHa Long Villa / VTN Architects CopyHouses•Hạ Long, Vietnam Houses Ha Long Villa / VTN Architects “COPY” Vietnam ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/938222/ha-long-villa-vtn-architects Clipboard Area:  1190 m² Year Completion year of this architecture project Photographs Photographs:  Hiroyuki OkiArchitect In Charge:Vo Trong NghiaDesign Team:Nguyen Van ThuCity:Hạ LongCountry:VietnamMore SpecsLess SpecsSave this picture!© Hiroyuki OkiRecommended ProductsCeramicsGrespaniaWall Tiles – Wabi SabiConcreteKrytonConcrete Hardening – Hard-CemMetallicsTECU®Copper Surface – Classic CoatedWindowsC.R. LaurenceCRL-U.S. Aluminum Unit-Glaze SystemText description provided by the architects. Vietnam has an abundance of nature and townscapes that are registered as World Heritage Sites. Economic growth due to the increase in tourism has raised the standard of living but has also given way to reckless development by clearing away nature. To tackle this situation, we want to create a house that will connect people and nature. Ha Long, home to Ha Long Villa, is a beautiful coastal city in northern Vietnam, 160 km northeast of Hanoi. It is also home to the UNESCO World Heritage Site of Ha Long Bay. In particular, it is a city abundant with local industries such as fisheries and coal mining, and it is a region that is rapidly developing alongside its tourism industry.Save this picture!© Hiroyuki OkiSave this picture!First floor planSave this picture!© Hiroyuki OkiThe site is near the coast and overlooks Ha Long Bay with a landscape made of thousands of large and small rocks.In such a rich setting, we have designed a sustainable home that exists in harmony with the surrounding environment and seeks to become part its landscape. The main concept of the house is to create space where people can live in a forest.Save this picture!© Hiroyuki OkiIn creating a surrounding forest, the house is comprised of a pentagon within a pentagon that establishes spatial layers of interior and semi-exterior spaces filled with greenery.  This composition creates deep shadows as part of the double skin green façade against the hot tropical climate. This buffer space between the interior and exterior spaces protect the house against the hot climate and noise. Every semi-exterior space is connected by the main spiral staircase. There is a spatial sequence from the outside to the inside, from ground to roof, and through the semi-exterior space with a large window and plenty of greenery to feel the rich natural landscape and city view from different angles.Save this picture!© Hiroyuki OkiSave this picture!Section 02Save this picture!© Hiroyuki OkiThe semi-exterior space connects the interior and the terrace part of the garden, and is a place to promote various living activities. It is a multi-purpose space which serves as a connection between each space. It is a place for gardening, sightseeing, sitting, walking and it also connects to the living space. These distinctive space offers residents options in their daily lives, like whether to dine inside or outside on a particular day. The various movements in the resident’s lives are also conveyed to the neighborhood through exterior of window façade.Save this picture!© Hiroyuki OkiExterior walls are made by rough exposed concrete which creates an impression of stone found in Ha Long Bay. The greenery in the semi-exterior spaces casts shadows on this strong facade, creating an ever-changing appearance over time. The contrast between the rough concrete and soft trees expresses a unique impression to the outside. Additionally, with dozens of plants planted on the roof, we create an area several times larger than the original green area.Save this picture!© Hiroyuki OkiHa Long Villa is one of the prototypes of “House for Trees”, which is a series of residential projects. The aim of the series is to bring green spaces back into the city, and to design as much greenery as was present in the original landscape to provide a healthier life to people living in the city. Due to the simplicity in the concept, the idea of “House for Trees” can be multiplied almost anywhere in tropical climate regions. As part of the vast landscape, Ha Long Villa harmonizes with the natural environment. And Ha Long Villa aims to be a space where people return to living surrounded by nature. Save this picture!© Hiroyuki OkiProject gallerySee allShow lessKåre Poulsgaard, Head of Innovation at 3XN/GXN, on AI in ArchitectureArchitecture NewsPlant Prefab and Koto Design Unveil Two Net-Zero Prefabricated HousesArchitecture News Share CopyAbout this officeVTN ArchitectsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn InstagramOn FacebookHạ LongVietnamPublished on April 24, 2020Cite: “Ha Long Villa / VTN Architects” 24 Apr 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogBathroom AccessorieshansgroheBath & Shower ThermostatsGlass3MGlass Finish – FASARA™ NaturalPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WindowsVitrocsaSliding Window – Mosquito NetSinksBradley Corporation USASinks – Verge LVG-SeriesMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassMetal PanelsLongboard®Aluminum Battens – Link & Lock – 4″Sports ApplicationsPunto DesignPunto Fit in Ekaterinburg Public SpaceWoodBlumer LehmannFree Form Structures for Wood ProjectsKnobsKarcher DesignDoor Knob K390 (50)TablesVitsœ621 Side TableMore products »Save想阅读文章的中文版本吗?越南下龙市‘五角平面’之屋,长出树的房子 / 武重义建筑事务所是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Beyond the 710 Blasts Metro Cost-Benefit Analysis as Flawed and Self-serving

first_img Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Community News HerbeautyPriyanka Chopra’s 10 Year Challenge Pic Will Surprise YouHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyVictoria’s Secret Model’s Tips For Looking Ultra SexyHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeauty Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe Your email address will not be published. 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Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a comment Beyond the 710, a community effort created to reimagine how to resolve the conflicts over congestion and mobility that have divided the western San Gabriel Valley for decades, blasted the Cost-Benefit Analysis recently released by Metro to support its SR-710 draft environmental impact report as “flawed” and “skewed”.We’ve been asking for a Cost-Benefit Analysis that honestly compares the alternatives in the EIR, but unfortunately, the Analysis released recently just continues what appears to be a strategy by Caltrans of putting the tunnel in the best possible light while discounting other alternatives,” said Ara Najarian, mayor of Glendale, member of the LA County Metro Board, and chair of Beyond the 710. “Essentially, this so-called analysis says that the more a project costs, the more the benefits will be. Well, that’s pretty obvious, and not the kind of analysis that can help policy-makers see what a dumb idea this tunnel really is.”Among the criticisms of the Analysis that Beyond the 710 has identified are:1) Valuing “Bigness” over anything else by falsely asserting that benefits “are typically examined independently of their relationship to costs.” In fact, if the alternatives were presented in terms of the ratio of benefit to cost, the results would show that the Transportation Systems Management and Transportation Demand Management (TSM/TDM) alternative provides the best ratio of benefits.2) The Analysis inflates the operating costs of the bus rapid transit (BRT) alternative in a way that degrades its cost-benefit ratio. If the Analysis used the same numbers from the DEIR, the BRT ration would approach the TSM/TDM alternative in performance.3) The Analysis appears to adopt a model that values the time of car riders over the time of transit riders, without any explanation, and as a result skews the results in favor of the tunnel alternative.4) The Analysis purposely underestimates the cost of the proposed tunnel by half. Analyses of similar projects, most notably the one for the Sepulveda Pass, are using $1 billion per mile as a budgeting model, yet the 710 DEIR and CBA are using $500 million. This is another example of how the Analysis is skewed in favor of the tunnel.5) The CBA and DEIR have no provision, plan or budget for the anticipated breakdown of the tunnel-boring machine. The same machine has been stuck in Seattle for over a year and is requiring a four-city block additional vertical tunnel to be excavated in order to free it. While of course we cannot be sure that the same machine would break down in a similar fashion here (despite geology that is, if anything, more challenging than Seattle’s), the lack of any contingency costs (again) skews the Analysis in favor of the tunnel. This is most obvious in that the Analysis uses the same discount rate for all the alternatives, which does not reflect the differential in risk among them.6) One of the primary concept used in the Analysis, “Net Present Value,” is an inappropriate measure for public infrastructure projects.7) The calculations used to come up with an employment benefit for the various alternatives is directly correlated to capital cost, skewing the benefits to the most costly alternatives. (Again, this is a fundamental problem of the Analysis, in that it unfairly favors “Bigness.”) Employment benefits are directly correlated to capital expenditures. The disparity in capital costs insures that the higher cost projects will generate more jobs than lower cost alternatives.“Metro board members and other policy-makers should understand that this so-called Analysis appears to be a continuation of the skewed analysis unfairly favoring the tunnel that was obvious in the EIR,” said Marina Khubesrian, South Pasadena councilmember and Vice Chair of Beyond the 710. “It appears that an independent study of these issues may be necessary to get an unbiased view of whether this tunnel will be worth its huge projected costs. Obviously, we believe otherwise, and that instead Caltrans and Metro should study the Beyond the 710 proposal.”The Beyond the 710 proposal was released on May 28, 2015. A key insight of Beyond the 710 is to understand that more than 85% of commuters exiting the 710 Freeway at Valley Boulevard are intent on reaching local destinations, and the vision of Beyond the 710’s plan is to use 21st Century planning solutions (such as well-planned transit lines, Great Streets concepts, and traffic mitigation) to reduce congestion and promote smart growth rather than 1960s freeway-oriented approaches.The Beyond the 710 plan demonstrates that removing the freeway “stubs” at both the 10 and 210 freeways can free up land for smart development, employ transit to connect people to important local destinations and other transit lines, and employ modern strategies for increasing bikeability and walkability. The plan is available at www.beyondthe710.org/better_alternatives.About Beyond the 710Beyond the 710 is a project of the Connected Cities and Communities, comprised of the cities of Glendale, La Canada Flintridge, Cities of Glendale, La Canada Flintridge, Pasadena, Sierra Madre, and South Pasadena, and the National Trust for Historic Preservation and the Natural Resources Defense Council.Beyond the 710’s Proposal is the result of many months of study and collaboration to seek solutions that work for all the affected communities. The effort was led by Nelson\Nygaard, a full-service transportation firm, with offices across the United States, committed to developing transportation systems that promote vibrant, sustainable, and accessible communities.An Economic Benefits analysis produced by The Maxima Group LLC, a consulting firm specializing in real estate market and economic analysis, is located at www.beyondthe710.org/smart_growth.Visit www.BeyondThe710.org for more information. Community News Beyond the 710 Blasts Metro Cost-Benefit Analysis as Flawed and Self-serving Beyond the 710 Coalition, which has released a new alternative that could provide greater congestion reduction to all the affected communities than the tunnel would, at a fraction of the cost, criticizes the Analysis as disconcertingly skewed in favor of the Tunnel Alternative and includes underestimated costs and misleading conclusions Published on Thursday, June 25, 2015 | 11:24 am Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Midessa Music Fest is in July

first_imgHome Local News Entertainment Midessa Music Fest is in July Intocable brings a fusion of Tejano conjunto music, Norteño folk rhythms, pop ballads and rock to Midessa Music Fest 2018. Previous articlePBAF Emergence Relief FundNext articleRobin Hood: Bad for Texas admin RELATED ARTICLESMORE FROM AUTHOR Also scheduled is Bobby Pulido, son of Tejano star Roberto Pulido. He combines the sound of Tejano with the country music he grew up listening to in Texas. Based in his hometown of Edinburg, Pulido and his band — guitarist Gilbert Trejo, bassist Mike Fox, drummer Jimmy Montes, accordionist Frank Caballero and keyboard player Rey Gutierrez — released Desvelado in 1996 on Capitol. The album became a platinum hit and was followed by Ensename later that year. Pulido’s greatest success came with his third album, 1997’s Llegaste a Mi Vida. He won awards for Album of the Year, Male Entertainer, Male Vocalist, and Best Video at the 1997 Tejano Music Awards, according to his website.Also on stage will be AJ Castillo, a Latin artist known for his accordion sound and style. He released his most recent album in 2017 and is a well-known accordionist, singer, song writer, performer, and producer.The Austin native is a graduate of The University of Texas at San Antonio. Born to a musical family, he was introduced to the accordion by his grandfather, his website states. He started playing the accordion at the age of 10 and began his professional music career at 13. He collaborated on the 2017 Latin Grammy Award winning Best Regional Song “Siempre Es Así”.Also scheduled is Gary Hobbs, who is a Tejano singer who has won numerous awards including several BMI Awards with songs “Por Favor Corazon”, “Corazon Ardiente”, “Comprendeme” and “Buscando Un Amor”. Charting several songs on Billboards Latin top list of songs and other Latin magazines .He has appeared at H.E.B. Grocery’s annual Feast of Sharing Holiday Dinners throughout the state of Texas, which serves almost 140,000 individuals, since November 2000.Throughout his career he has recorded for several major record labels including RCA International, CBS International, Capitol/EMI Latin and Sony Discos.Tickets to the show are available at haciendamidland.com.If You Go Facebook Pinterest Group celebrates Pink Floyd By admin – June 22, 2018 Facebook WhatsApp Intocable brings a fusion of Tejano conjunto music, Norteño folk rhythms, pop ballads and rock to Midessa Music Fest 2018. 1 of 4 AJ Castillo is a Latin artist known for his accordion sound and style. WhatsApp Twitter Texas Fried ChickenSmoked Bacon Wrapped French Vidalia OnionSlap Your Mama It’s So Delicious Southern Squash CasserolePowered By 10 Sec Mama’s Deviled Eggs NextStay Who’s on stage? Gary Hobbs is a Tejano singer who has won numerous awards including several BMI Awards. Intocable.Bobby Pulido.AJ Castillo.Gary Hobbs. What: The 2018 Midessa Music Festival.When: July 28.Where: La Hacienda Event Center.Tickets: haciendamidland.com Twitter Bobby Pulido combines the sound of Tejano with the country music he grew up listening to in Texas. Local NewsEntertainment Midessa Music Fest is in July Purchase tickets hereIt’s billed as the Midessa Music Fest 2018 on July 28 at La Hacienda and it will indeed be a music fest with a variety of artists taking turns on stage.Intocable is part of the Fest and features Ricardo Javier “Ricky” Muñoz, René Orlando Martínez, Sergio Serna, Johnny Lee Rosas, José Juan Hernández, Alejandro Gulmar and Felix Salinas.The group, according to their website, started 20 years ago in Zapata, when friends Ricky Muñoz and René Martínez dreamed of bringing their songs to the world as they crafted a unique and style of music that fuses Tejano conjunto music, Norteño folk rhythms, pop ballads and rock.Since that time, the group has had No. 1 hits with “Robarte un Beso,” “Prometí,” “Te Amo (Para Siempre),” “Culpable Fui (Culpable Soy),” their latest “Tu Ausencia,” as well as fan favorites like “Dame Un Besito,” “Eres Mi Droga,” Enséñame a Olvidarte,” “Sueña,” “Contra Viento y Marea,” “Llueve,” “Arrepiéntete” and others. Country crooner featured at Rolling 7’s Erica Lane part of Fandango celebration Pinterestlast_img read more

Why Single-Source Vendors Could be the Future

first_img The Best Markets For Residential Property Investors 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, News December 20, 2018 2,284 Views Share Save Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Altisource FHA Foreclosure Hubzu mortgage Patrick McClain Servicing Travis Britsch Vendors 2018-12-20 Scott Morgan Tagged with: Altisource FHA Foreclosure Hubzu mortgage Patrick McClain Servicing Travis Britsch Vendors Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Why Prepayment Activities Have Declined Next: Fannie and Freddie’s 2019 Goals Subscribecenter_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Why Single-Source Vendors Could be the Future  Print This Post Why Single-Source Vendors Could be the Future Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Delinquencies and foreclosures are about to make a comeback and single-source vendors are poised to the future for servicers, according to Altisource.In “The State of the Servicer Industry in 2018,” the firm sees the combination of high home prices and oft-risen interest rates as a sign that servicers will soon see an increase in delinquency and foreclosure rates in their FHA portfolios.And servicers seem to be aware of this “inflection point.” Nearly three-quarters of servicers Altisource surveyed said they expect their FHA portfolios to increase within the next two years.FHA loans already have increased, after a wave of interest early this year from buyers with lower credit who capitalized on the FHA’s Claims Without Conveyance of Title, or CWCOT, program’s more lenient downpayment requirements.With the upswing in FHA loans, though, comes the increased risk of defaults in FHA portfolios, especially as rates continue to climb. And while price escalation has been slowing down in the latter half of 2018, values remain out of reach for average and below-average earners in many markets, where wage growth has not necessarily caught up.With the possibility of more defaults looming, servicers say they are overwhelmingly likely to take a single-vendor approach to managing multiple services. Nine in 10 servicers, in fact, told Altisource that they are strongly leaning towards a single-source vendor, with two-thirds citing efficiency and compliance management as the main reasons.Single-source vendors are also an increasingly appealing option simply because of their prevalence. The sector grew as the housing market recovered from the crash and the glut of properties once maintained by small networks of vendors gave way to consolidated resources.If there’s a hangup for servicers, it’s that they’re having a lot of trouble finding single-source vendors they feel comfortable working with. Altisource says more than half of the servicers surveyed said they had trouble finding good vendors for trustee and auction services.That said, 73 percent of servicers said they are using third-party as part of their CWCOT program, mostly because those vendors provide end-to-end services. But 57 percent say they wish the data analytics these vendors used were not as efficient or effective as they could be. Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily About Author: Scott Morganlast_img read more

Calabria Discusses FHFA’s Living Will Rule

first_img Previous: House Committee Addresses Lending Equality Next: The Week Ahead: Servicers Brace for the Future The way the Federal Housing Finance Agency (FHFA) Director Mark Calabria sees it, after the capital rule, the finalization of the living will rule is one of the last major regulatory pieces needed to put the Housing and Economic Recovery Act of 2008 (HERA) into effect. He spoke about the implementation and impact of living wills last Tuesday at the Brookings Institution’s Center on Regulations and Markets.When FHFA earlier this month published a final rule requiring Fannie Mae and Freddie Mac (the government-sponsored enterprises which FHFA regulates) to develop credible resolution plans, also known as “living wills,” Calabria explained that the rule will provide the GSEs with a “roadmap for preserving business continuity should they fail again,” and could “help create a stronger, more resilient housing finance system by protecting taxpayers and the mortgage market from harm” if either Fannie or Freddie fails.He expounded on those ideas during his Brookings address, whose transcript can be read in full here on FHFA’s website.The living will rule is built on the foundation of resolution planning established by the 2010 Dodd-Frank Act, which requires big banks to create resolution plans, or living wills, in the event a bank experiences severe financial stress. Each bank’s plan clarifies how it could be placed into a receivership overseen by the FDIC or into bankruptcy and resolved without disrupting markets or relying on extraordinary government support, Calabria explained.”We recognize the GSEs are not banks,” he said. “But an orderly system for settling claims is just as critical to any financial institution as appropriate capital standards. And as we learned in 2008, inconsistencies in financial regulation across institutions can mask risk and fuel financial instability.”He points out that Fannie Mae and Freddie Mac own or guarantee more than $6 trillion in single-family and multifamily mortgages, which is about half the market. Together the GSEs are about equivalent in size to the top three largest banks in America combined, he said.Ensuring the GSEs have credible living wills comparable to the other largest financial institutions also brings “important clarity to housing finance about how FHFA’s receivership powers would work in a time of significant financial stress, as remote as such times can seem when home prices are rising.”He pointed out Fannie and Freddie’s strong support of the market in 2020, acquiring more than 60% of the single-family mortgages originated throughout the year of the pandemic and supporting families in need.”When COVID hit, the enterprises used their recently authorized retained earnings to help millions stay safe in their homes. And most recently, FHFA announced a new refinancing option that will help low-income families save thousands of dollars on their mortgage,” Calabria said. “In a crisis, capital at the enterprises offers borrowers protection from foreclosure, destroyed credit, and displacement. This is especially important for lower-income and minority families who are often first to lose their jobs and savings. That is why FHFA is making sure that enterprise risk is matched to their capital. And it is why I have spent the last two years making every effort to build capital at Fannie Mae and Freddie Mac.”Credible living wills at Fannie and Freddie, Calabria said, will ensure that, “in a great public dilemma involving housing finance, FHFA will be able to act quickly without exposing the financial system or taxpayers to additional risk.” Calabria Discusses FHFA’s Living Will Rule in Daily Dose, Featured, Government, News Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Home / Daily Dose / Calabria Discusses FHFA’s Living Will Rule Subscribe Share Save 2021-05-14 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago  Print This Post Sign up for DS News Daily 16 days ago 519 Views last_img read more

Delhi Riots: Delhi HC Denies Bail Despite Recording Possibility Of Custodial Violence And Illegal Detention Of The Petitioner [Read Order]

first_imgNews UpdatesDelhi Riots: Delhi HC Denies Bail Despite Recording Possibility Of Custodial Violence And Illegal Detention Of The Petitioner [Read Order] Karan Tripathi10 April 2020 10:56 PMShare This – xDespite noting the possibility of custodial violence, illegal detention and loopholes in the prosecution’s narrative, the Delhi High Court refused to grant bail to a person arrested for an alleged involvement in violence committed during Delhi Riots. Even while denying the bail, the Single Bench of Justice Mukta Gupta highlighted that no offence under Section 3 of the PDPP Act…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginDespite noting the possibility of custodial violence, illegal detention and loopholes in the prosecution’s narrative, the Delhi High Court refused to grant bail to a person arrested for an alleged involvement in violence committed during Delhi Riots. Even while denying the bail, the Single Bench of Justice Mukta Gupta highlighted that no offence under Section 3 of the PDPP Act is made out against the Petitioner for the reason that all the properties which have been alleged to be torched or rioted were not the government property. The Petitioner in the present case had sought regular bail in a case registered for offences punishable under for offences punishable sections 147/148/149/427 of IPC and section 3 of the Prevention of Damage to Public Property Act, 1984 (PDPP Act). The Petitioner had argued that he has not been arrested in any other FIR and is not involved in any other offence. Moreover, as per the status report, the witness who gave the source information also signed the arrest memo, but till date, a copy of the Arrest Memo has not been supplied to the Petitioner or his family members. He further submitted that on February 28, his medical examination was conducted in the jail wherein it was revealed that he had bruise marks on the back, buttock and thighs. It was also submitted by the Petitioner that no video footage of nearby places has been collected by the police till date. Moreover, there has been no recovery from the personal search of the Petitioner and thus there is no physical evidence of the involvement of the Petitioner in the alleged offence. While claiming that the police charged him with section 436 of the IPC despite there being no evidence to support the same, the Petitioner contended that there is no evidence as yet against him showing his involvement for any offence punishable with more than seven years of imprisonment and hence he is not only entitled to the benefit of bail as per the decision of the Supreme Court in Arnesh Kumar vs. State of Bihar, but also in view of the resolution passed by the High Powered Committee. ‘Further, Section 3 of the PDPP Act has been wrongly invoked for the reason even as per the FIR and the recoveries made, the Scooty, motorbikes, TSR and the Maruti Alto car allegedly burnt were not “public property” in terms of Section 2(b) of the PDPP Act as the same do not belong to the Government or any other authority controlled by the Government’, the Petitioner argued. Finally, he informed the court that due to the operation of nationwide lockdown in the country, he can’t even go out and tamper with the evidence. While evaluating the prosecution’s case, the court observed that the statement of the eye witness was recorded only on 28th February 2020 which is an omnibus statement and does not identify any accused. Moreover, there is undoubtedly a mystery surrounding the arrest of the Petitioner and co-accused which is further fortified by the nature of injuries received by the Petitioner as would be investigated in the course of events. The court also took cognizance of a CCTV footage produced by the Petitioner which shows that he, along with another person Navid, was illegally detained on February 24, and that it was only when an application highlighting illegal detention was filed by the Petitioner, that the date of arrest was recorded as February 28 by the police. While rejecting the bail, the court reasoned that with respect to section 436 of the IPC, the investigation is at a crucial stage as the SHO states that the video footage has been preserved and is yet to be examined. The court observed that: ‘Since the investigation is going on and the persons who were present at the spot are required to be ascertained by scientific evidence and even if found that the petitioner is part of the unlawful assembly even though he may not have individually torched any vehicle or the shops he would be liable for the offences, at this stage this Court finds no ground to grant bail to the petitioner.’Click here to download the Order Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Two people seriously injured in Sion Mills crash

first_img Loganair’s new Derry – Liverpool air service takes off from CODA Two people seriously injured in Sion Mills crash Pinterest Facebook News, Sport and Obituaries on Monday May 24th Twitter Google+ Homepage BannerNews By News Highland – October 27, 2017 Nine til Noon Show – Listen back to Monday’s Programme Arranmore progress and potential flagged as population grows Google+center_img Previous articleCouncillors discuss Donegal proposals for National Planning FrameworkNext articleUpdate: N15 crash victim named as Donegal man News Highland WhatsApp Twitter Police in Strabane are appealing for witnesses following a two-vehicle road traffic collision in the Peacock Road area of Sion Mills at around 11.10pm last night.In a statement Sergeant Judith Breen said: “A black Volkswagen Passat was involved in a collision with a blue Vauxhall Astra. As a result, two people in the Astra were seriously injured and they are currently being treated in hospital.Police would like to hear from motorists or pedestrians who were in the area around this time and may have seen something that could help with the investigation.They would also like to hear from drivers who have dash cams fitted in their vehicles.Anyone with information is asked to contact police in Strabane on telephone number 101.Alternatively, information can also be given anonymously through the independent charity Crimestoppers on 0800 555 111. Pinterest Important message for people attending LUH’s INR clinic WhatsApp RELATED ARTICLESMORE FROM AUTHOR Facebook Community Enhancement Programme open for applicationslast_img read more

Live updates: Dorian becomes hurricane as it bears down on Puerto Rico

first_imgEnsenada Honda Bay, Culebra, #PuertoRico. It’s been raining on and off since 1:30am. pic.twitter.com/jON6Kde1LS— Sandra Mendez Hernandez (@sandra00775) August 28, 2019The Puerto Rican government said it is fully prepared for the storm’s impact. Gov. Wanda Vazquez said Monday night that the government is 90% ready to deal with any possible damage Dorian might cause.Meanwhile, many in Puerto Rico are still reeling from the devastation of 2017’s Hurricane Maria, including tens of thousands of residents living under blue tarp roofs.More than 7,400 generators and three mega generators are already on the island, according to the governor, and at least 360 shelters will open, accommodating up to 48,500 people.President Donald Trump has approved an emergency declaration, which will provide federal assistance in Puerto Rico.“The communication with all [of the president’s] aides has been extraordinary,” Vazquez said Monday.A new Federal Emergency Management Agency (FEMA) representative is on the island assisting in response coordination.“The response to Tropical Storm Dorian will be on top of a complex recovery effort,” a FEMA spokesperson said. “Even a smaller and less severe storm could have significant impact.”Dorian is now forecast to have an increased wind speed of 115 mph as it gets closer to Florida.Jacksonville, Florida, will activate its emergency operations center full-time as Dorian nears, Mayor Lenny Curry said at a news conference Wednesday.Curry said it’s too early to make any decisions about possible evacuations, but residents should make sure they know their evacuation zone.The storm is also impacting Labor Day travelers. Some airlines have issued travel waivers, and Royal Caribbean is closing its private island in the Bahamas for a week and altering some of its cruise ship itineraries to avoid Dorian.As the Atlantic hurricane season nears Sept. 10 — its peak — Dorian isn’t the only tropical storm on the move. Newly-formed Tropical Storm Erin is expected to bring rough surf to the East Coast beaches from the Carolinas to New England this Labor Day weekend.Otherwise, it is not expected to directly impact the East Coast.Copyright © 2019, ABC Radio. All rights reserved. ABC New(NEW YORK) — Dorian strengthened to a Category 1 hurricane as it neared Puerto Rico Wednesday afternoon.The storm will then move north, potentially becoming a major Category 3 hurricane when it reaches Florida over the holiday weekend.Dorian isn’t forecast to make landfall in Puerto Rico, but the island may still see 10 inches of heavy rain as well as mudslides and flooding.Dorian’s center is forecast to pass to the east of Puerto Rico right over the U.S. Virgin Islands before moving into the Atlantic.last_img read more